The Q1 2026 earnings report really wasn't terribly inspiring. Revenues rose 2% year-over-year to $678 million, slightly ahead of Wall Street's $675 million consensus target. On the bottom line, ...
Rackspace Technology Inc. reported its first profitable quarter in two years Thursday, sending its share prices to a four-year high. The San Antonio-based cloud computing company also announced a ...
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CEO Gajen Kandiah said the quarter’s execution “reinforce[s] the strategy we’ve been executing against what we call where enterprise AI goes to production,” centered on “governed infrastructure as the ...
Stock price leap: Rackspace shares hit a four-year high, rising over 100% intraday after earnings and an AMD AI partnership announcement. Earnings turnaround: Q1 revenue rose 2% to $678M, and net ...
SAN ANTONIO, May 07, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, and AMD today announced the signing of a Memorandum of ...
Revenue exceeded expectations, reaching $678 million. EPS missed forecasts, reported at -$0.06. Stock price surged 74.89% in pre-market trading. Strategic partnerships in AI and cloud services ...
Shares of Rackspace Technology were sharply higher after the company signed a memorandum of understanding with Advanced Micro Devices for a multiyear partnership to create a new artificial ...
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Why Rackspace Technology stock doubled this morning
Rackspace stock more than doubled Thursday morning despite a mixed Q1 earnings report. The company also unveiled a deal with AMD to build secure AI infrastructure for regulated industries. Today's ...
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